POSTED BY May 26, 2014 6:59 pm COMMENTS (9)ON
Due to lack of knowledge in financial instrument, have made a mistake of purchasing 3 ULIP in the past.
1.ICICI Life Time Super which was started in year 2007, with annual premium of 20000, which have paid till date.
2.Aviva Save Guard which was started in year 2007, with annual premium of 24000, which have paid till date.
3.Bharthi Axa Bright Stars edge – 5000/PM, which was started in year 2010 and paid all premium till date.
I can see the returns are not much and like mentioned in all threads, lot of charges are involved in.
My question, is once the lock in period are over, is it best advise to close these ULIPs or keep only one good ULIP and close rest and invest that amount in PPF/other retirement products?
Many thanks for your advice.